Increases in productivity due to changes in technological capacity could be best represented by:
a. Outward shift in the demand curve
b. Outward shift in the supply curvec Outward shift in both the demand and supply curves
d. Inward shift in the supply curve
Question 2
In 1865, Congress raised the tax on state bank notes to 10 percent of the value of notes in circulation. This tax:
a. ended the dual banking system in the U.S.
b. was less than the tax on national bank notes.
c. was rescinded in 1870.
d. was avoided through the use of deposits.
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